Agusto & Co. upgrades the rating of Chapel Hill Denham Management Limited to A+(IM)
The rating expires on 21 December 2021.
The upgrade is supported by the Manager’s strengthened governance structure with the appointment of an experienced, independent non-executive director and improved efficiency in operations. In addition, CHDM has an operational track of over 25 years with well-defined processes for research, decision making and risk management. Nonetheless, the rating has also taken into consideration the weakening macroeconomic environment which has the potential to heighten risk exposures and constrain investment performance.
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